Northland Power (TSX: NPI) is an independent power producer founded in 1987, and publicly traded since 1997. Northland develops, finances, builds, owns and operates power generation facilities in Canada and internationally that produce clean and green energy using wind, natural gas, biomass, and solar technology. Its goal is to create long-term investor value by operating their fleet of assets to the highest standard, and investing in additional power projects that generate stable cash flows in a sustainable manner.
The Company owns or has a net economic interest in 2,029 MW of operating generating capacity and 252 MW of generating capacity under construction, representing the Deutsche Bucht Offshore Wind Project ("Deutsche Bucht" or "DeBu"). Furthermore, Northland has a portfolio of projects in various stages of development in Europe, North America, and Asia.
Northland's common shares, Series 1 and Series 3 preferred shares and Series B and Series C convertible debentures trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, NPI.PR.C, NPI.DB.B, and NPI.DB.C, respectively.
Video Northland Power
Conversion to Corporation
In 2009, Northland Power Income Fund acquired and merged with Northland Power Inc. This transaction was motivated by the Government of Canada's elimination of preferential tax treatment for income trusts, which has prompted a mass conversion of Canadian income trusts into regular corporations. On June 21, 2010, Northland's unitholders approved management's plan to convert to a corporation effective January 1, 2011.
Maps Northland Power
Power Projects Controlled by Northland
Operational Power Projects
Projects Under Construction
References
External links
- http://www.northlandpower.ca Website
Source of article : Wikipedia